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9 Cards in this Set

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Compulsory Voting Laws

Compulsory voting laws are laws that punish people for not voting and is an institutional factor in the c-term of the equation for voting.

Rational Choice Theory

This is the theory that people are rational actors, meaning they act in their own self interest. People weigh the “pros” and “cons” of every decision and taking all relevant factors into account, then come to a conclusion about what they should do regarding what they should buy to if they should vote. This is important since it is used by many social scientists.

Issues of Self Interest

- The reason people vote on a personal level. Top issues include tax cuts, which are popular with republicans and the wealthy, and raising minimum wage, which is popular with democrats and the poor. This influences parts of the rational choice theory.

Symbolic Issues

- Moral issues that affect the way people vote. Symbolic issues include gay marriage, abortion, and stem-cell research. It demonstrates that people are worried about society and not just economic ideals.

Infrastructure

The bases of economic development, usually the state is involved. It illustrates the importance of government involvement in economics, because infrastructure is provided by the government.

Bitter Pill

having to give up social programs during market liberation. Countries get poorer before they get richer. This is a transition cost. The bitter pill shows that capitalism and democracy don’t ALWAYS work together.

Comodification

- humans are seen as becoming more economically centered, and are seen rejecting familial, spiritual, and non hierarchal ideas. This happened at the end of the industrial revolution. People are NOT equal after commodifacation.

Post Industrial Shift

This is a transition that is not always smooth. A post industrial shift increases the wealth inequivalencey and more absolute wealth in an economic system. A post industrial shift does not always help every one in the systems; “the race to the bottom” is commonly seen during a post industrial shift

IGO’s (Inter-governmental organizations)

entities made up of states that transcend borders not controlled by any one state. Example: United Nations, World Trade Organization, NATO, and the World Bank. IGO’s are influenced by change in technology.

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